Housing construction in the UK is not keeping pace with the Government’s stated aim of delivering 1.5 million homes, according to a warning from property consultancy Savills.
Savills says the completion rate of homes is set to worsen, with fewer homes being finished over the period through 2029. The warning is linked to the Government’s plan for how the 1.5 million target would be met by that deadline, with an implied shortfall in expected outputs.
Across the information provided here, the focus remains on the gap between delivery projections and the target, as well as the forecast change in completion rates over time. The sources agree on the key direction of travel: that the rate of finishing homes is expected to slow rather than improve as 2029 approaches.
